Many people in New Jersey and elsewhere took on home mortgage loans over the past few years that were unfavorable. Some of these same people found that they had difficulty making the required payments on their mortgage because of the high rates or the lowered value of...
Law Office of Robert Braverman, LLC
Payday Loans Eliminated in Personal Bankruptcy
With many individuals struggling financially, some will try and get by with advances on credit cards or payday loans. Payday loans are typically used by borrowers in an effort to help cash flow in the short term. Typically payday loans...
Elderly Debtors Eliminate Student Loans In Personal Bankruptcy
A current trend in Case Law has increased the circumstances where personal bankruptcy can be used to eliminate student loans. Typically to eliminate a student loan a debtor must show that they have attempted to make payments in the past, though they cannot make...
New Jersey personal bankruptcy can offer some financial relief
There is good news for people in New Jersey in a recent report about credit card debt. The amount that the average person in our country owes for these types of financial obligations has fallen again. This has occurred throughout the past year. However, for the many...
In a Chapter 7 Bankruptcy, How Can I Redeem My Car?
When a Chapter 7 Bankruptcy is filed and you have a car loan, you are required to file a Notice of Intention to indicate what your intention is relating to that car loan. Generally, there are three options. You can reaffirm the debt, which is basically...
In Chapter 7 Should I Reaffirm a Car Loan?
When a Chapter 7 Bankruptcy is filed, you must list all creditors including secured debts such as car loans. Under the current rules, when you file the bankruptcy you must indicate your intent relating to the vehicle. The options include keeping the...
Eliminating Second Mortgages
Generally any mortgages secured by a home must be paid if the intent is to keep the property. However, when the amount owed on the first mortgage exceeds the value of the home, a chapter 13 bankruptcy can be used to "cram down" the second mortgage and treat the debt...
Chapter 7 bankruptcy in New Jersey similar to that of teen star
Aaron Carter was only 15 years old when he began to gain fame in the early 2000s. He was known for his pop music and dating of starlets such as Hillary Duff. Now, however, he says that he has little to show for that work and has sought a Chapter 7 bankruptcy in his...
Personal bankruptcy can be complex for high-asset filers
When an individual files for bankruptcy protection, a number of events are put into motion. A successful personal bankruptcy process requires a comprehensive accounting of one's income, assets, and liabilities. For those in New Jersey and elsewhere who are considered...
Personal bankruptcy can be complex for high-asset filers
When an individual files for bankruptcy protection, a number of events are put into motion. A successful personal bankruptcy process requires a comprehensive accounting of one's income, assets, and liabilities. For those in New Jersey and elsewhere who are considered...

